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Advice on reading orderflow at the micro level
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Advice on reading orderflow at the micro level

  #1 (permalink)
Sydney, N.S.W., Australia
 
Trading Experience: Intermediate
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Advice on reading orderflow at the micro level

Hi,

I'm looking for advice on reading orderflow at the micro level.

I understand that you can't just watch trades being executed and take a trade anywhere, these things need to be considered in context (support and resistance), and not taken in a vacuum.

I'm looking to trade the ES intraday, marking support and resistance on a higher-time frame chart for context (30 minutes) and then taking trades on a smaller timeframe intraday chart such as a 6 range or 4 renko.

How do you visualise who is in control at the present moment? I want to understand how and why price moves, why it stops and who is trapped at any given moment.

I've attached a couple of charts below - Does anyone follow what he's trying to indicate and what the indicators are showing?

Can anyone point me in the right direction, please?

Thank-you,
Thomas

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  #2 (permalink)
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  #3 (permalink)
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thomasblake View Post
Hi,

I'm looking for advice on reading orderflow at the micro level.

I understand that you can't just watch trades being executed and take a trade anywhere, these things need to be considered in context (support and resistance), and not taken in a vacuum.

I'm looking to trade the ES intraday, marking support and resistance on a higher-time frame chart for context (30 minutes) and then taking trades on a smaller timeframe intraday chart such as a 6 range or 4 renko.

How do you visualise who is in control at the present moment? I want to understand how and why price moves, why it stops and who is trapped at any given moment.

I've attached a couple of charts below - Does anyone follow what he's trying to indicate and what the indicators are showing?

Can anyone point me in the right direction, please?

Thank-you,
Thomas

Hi Thomas - sounds like you may be interested in watching these videos

Free Tape Reading and Order Flow Training Materials

They provide both theoretical and practical aspects of order flow - they helped me significantly to understand things like who's in control and why.

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  #4 (permalink)
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thomasblake View Post
How do you visualise who is in control at the present moment? I want to understand how and why price moves, why it stops and who is trapped at any given moment.

For the "how & why price moves" - I use the analogy of "floors & ceilings" to describe how market orders (well, actionable orders) consume liquidity in order for price to progress.

Webinar was on BMT & is here: https://futures.io/webinars/may4_2013/order_flow_techniques_part1/

The first 20 or so minutes describes the mechanics of price movement.

Remember - there's always a lot of people doing a lot of different thing - so it's not an exact science, with exact answers all the time. It's about seeing things that tip the scales in your favor...

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread

Last edited by Jigsaw Trading; February 18th, 2016 at 09:01 AM.
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